Muthoot Finance Personal Loan

⋆ Interest Rate 9.99% ⋆

Check Special Offers During COVID-19

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      Why us?

      Rates as low as 9.99%*
      Loans Up to 30 Lacs
      Same Day Disbursal
      Doorstep Service
      Unbiased Experts Advice

      Muthoot Finance Personal Loan Key Features Jan 2021

      Features Details
      Age 21 – 60 years (at loan maturity)
      CIBIL score Minimum 750 or above
      Muthoot finance personal loan interest rate 2020 9.99% per annum
      Lowest EMI per lakh Rs 2148
      Tenure 12 to 60 months
      Muthoot Finance Personal Loan Processing Fee 1% of the loan amount
      Prepayment Charges Allowed after 12 Months (2 – 4 %)
      Part Payment Charges Allowed after 12 Months (2 – 4 %)
      Minimum Loan Amount ₹50,000
      Maximum Loan Amount ₹ 25 Lakh

      Each Feature Explained in Detail Below

      Benefits of availing a Personal Loan from Muthoot Finance

      muthoot finance personal loan

      1. Muthoot finance personal requires fewer documents for a personal loan.
      2. Muthoot Finance is a leading NBFC with minimal interest rates in India.
      3. From 30th November outstanding gold was Rs 128978 from Muthoot Finance.
      4. More than 4.1 million accounts of loans are there with Muthoot Finance presently.
      5. Muthoot has a massive network of branches in the market due to flexibility like minimum documents, and the nominal interest rate has made it the market leader.
      6. In underdeveloped semi-urban and rural areas of south India, Muthoot Finance has established its business.
      7. Muthoot Finance has a network including 5190+ branches in the south region, 297 branches in the west area, 465 branches in the north region, and 96 branches in the East region.

      Muthoot personal loan eligibility Criteria

      Muthoot finance personal loan criteria for a loan are as follows:

      Muthoot finance personal loan cibil score Criteria 750 and Above
      Age Criteria 21-60 years
      Muthoot finance personal loan minimum salary Criteria Rs 25000/month
      Occupation Criteria Salaried/Self-employed

      Eligibility for Salaried Individual

      • The minimum age for applying: 26 years
      • The maximum age for applying: 58 years
      • Minimum work experience: 2 Yrs
      • Minimum Net Monthly Income: ₹ 15,000

      Eligibility for Self Employed Individual

      • The minimum age for applying: 24 years
      • The maximum age for applying: 65 years
      • Minimum years in Business : 3 Yrs
      • Minimum Net Annual Income: ₹ 1 lakh

      Muthoot Finance Personal Loan Interest Rate, Fees & Other Charges

      Category Details
      Muthoot finance personal loan rate of interest 9.99% per annum
      Processing Charges 1% of the Loan Amt 
      Min ₹ 1000 and Max ₹ 25000
      Prepayment  No prepayment is allowed until 12 EMIs are paid
      Preclosure No foreclosure is allowed until 12 EMIs are paid
      Prepayment Charges 13-24 months: 4% of loan principal outstanding
      25-36 months: 3% of loan principal outstanding
      >36 months: 2% of loan principal outstanding
      Stamp Duty As per state laws
      Cheque Bounce Chgs ₹ 550/chq +  GST
      Floating Rate of Interest Not Applicable
      Overdue EMI Interest 2% p.m.(on overdue amount)
      Amortisation Schedule Chgs Rs 200 + GST

      Muthoot Finance Personal Loan Documents Required

      Muthoot personal loan documents are –

      Particular
      Document
      Form
      Duly filled application form
      Proof of Identity

      Copy of 

      > Passport

      > Driving License

      > Aadhar Card

      > Voter ID Card

      Proof of Address

      Rent Agreement (Min. 1 year of stay)

      Utility Bills

      Passport (Proof of permanent residence)

      Ration card

      Proof of Income

      > ITRs : Last two Assessment years

      > Salary Slip: Last 6 months

      > Bank Statement: Last 3 months

      Muthoot finance personal loan EMI calculator

      Muthoot personal loan calculator-

      Muthoot Finance Personal Loan Comparison with Other Banks

      Comparison Criteria Muthoot Finance Axis Bank Muthoot Finance Bank Muthoot Finance Bajaj Finserv
      Interest Rate 9.99% 12-24% 10.75-21.30% 11.25-22.00% 12.99% onwards
      Muthoot finance personal loan repayment Tenure  12 – 60 months 12 – 60 months 12 – 60 months 12 – 60 months 12 – 60 months
      Loan amount Up to Rs. 10 lakhs Rs. 50,000 to Rs. 15 lakhs Up to Rs. 40 lakhs Up to Rs. 20 lakhs Up to Rs. 25 lakhs

      How to apply for Muthoot Finance Personal Loan?

      You can apply for Muthoot Finance Personal Loan online without any hassle. These are the steps you should follow for the whole process.

      1. Go to the website of Dialabank.
      2. Go to the personal loan section.
      3. In the personal loan section, you can apply either as a self-employed individual or a salaried individual.
      4. Once, you fill in all the important details about yourself, submit the form.
      5. After form submission, you will have to wait for our representative to call you.
      6. Eventually, our representative will guide you through the process of the loan.
      7. You get a loan at an affordable interest rate without moving here and there.
      8. Muthoot finance personal loan contact number is 9878981166

      Why Muthoot finance personal loan apply with Dialabank?

      Are you in the die need of money? Are you hunting for the best deal on personal loans that will be available at low-interest rates? Muthoot Finance Personal Loan is the best form of credit to fulfill all individual needs such as paying bills, paying children fees, and many more. Muthoot Finance provides personal loans at low-interest rates without any hindrance with less paperwork involved.

      Call us at 9878981166 to avail of the Muthoot Finance Personal Loan.

      Muthoot finance personal loan calculator

      You can easily calculate the EMIs on your loan. You just require the basic information regarding the loan –

      1. Amount of the Loan
      2. Rate of Interest
      3. Tenure

      Just put these values in the calculator below to find the exact amount payable each month.

      Muthoot Finance Personal Loan Processing Time

      Muthoot Finance Bank usually takes two weeks or 15 days when it comes to the Processing of Personal Loan Applications. However, Muthoot Finance approves the loan in just a few hours to a maximum of 1-3 days to its pre-approved already existing account holders.

      Muthoot Finance Personal Loan Preclosure Charges

      Muthoot Finance gives you the option of pre-closing your loan after a period of a minimum of 12 months of taking the loan and paying 12 successful EMIs on your loan. However, Muthoot Finance Bank charges a Prepayment or Pre-closure charge. If you wish to do so we have listed the commands below:

      Time Pre-closure Charge
      13 to 24 months 4%
      25 to 36 months 5%
      more than 36 months 2%

      Pre Calculated EMI for Muthoot Finance Personal Loan

      Loan Amount (Rs.) and Interest Rate Monthly EMI Payout (Rs.)
      1-year loan tenure 2-year loan tenure 3-year loan tenure 4-year loan tenure 5-year loan tenure
      2 lakh @ 14.5 p.a. 18,004 9,649 6,884 5,515 4,705
      10 lakh @  18 p.a. 91,679 49,924 36,152 29,374 25,393
      4 lakh @  16.5 p.a. 36,387 19,680 14,161 11,438 9,833

      Muthoot Finance Personal Loan

      Muthoot Finance is the fastest growing gold financing company in India. They provide a business loan and a personal loan on gold articles. Muthoot Finance personal loan is provided to those individuals who have pledged their gold. For people who are not getting any loans, Muthoot Finance personal loan is a good option for them to overcome all financial obstacles. It is the best loan available with less documentation and attractive personal loan interest rates.

      Benefits of Muthoot finance personal loan for NRI-

      • No security/insurance required
      • Benefit advance up to ₹ 10 lakh
      • Disentangled documentation
      • Financing costs beginning from 15.49% p.a.*
      • Candidate to be an inhabitant Indian and the co-candidate NRI to be a nearby family member
      • Residency as long as three years
      • Fast preparing and disbursal

      Different Offers for Muthoot Finance Personal Loan

       

      1. Personal Loan for Salaried and Self-Employed

      This loan can be availed by both salaried individuals as well as self-employed people at competitive rates beginning at 9.99% p.a. This option is available to both new borrowers as well as people with an existing relationship with the company.

      2. Personal Loan for Muthoot Employees

      The staff of Muthoot Group with at least five years of service can avail of Muthoot personal loan interest rate of 9.99% for a maximum period of 24 months. Supervisory staff can avail of up to Rs. 1 lakh, while the upper limit for non-supervisory employees is Rs. 50,000.

      3. Personal Loan to Landlords

      Owners of premises occupied by Muthoot Finance can get a personal loan from Muthoot Finance. The loan ranges between Rs. 1 lakh to Rs. 10 lakhs with a repayment tenure of up to 60 months.

      Muthoot personal loan status check

      The status of your Muthoot finance personal loan application status check by contacting Muthoot finance personal loan customer care number on the following numbers:

      • Southern India: 99469 01212
      • Gujarat & Maharashtra: +91-8000451451
      • Rest of India: 1800 313 1212

      You also have to option of visiting Muthoot finance personal loan near me to know the status of your application. At present, this NBFC does not provide any to check the status of the personal loan application online.

      Muthoot Finance Personal Loan Overdraft Facility

      An individual overdraft is a credit office that licenses you to pull out an aggregate as and when required. You can moreover repay the eliminated entirety at whatever point the circumstance is ideal. Therefore, it is maybe the most preferred credit decisions that profited to meet changing individual sponsoring necessities unbounded.

      Apply for an overdraft office as a Muthoot Finance Bank Personal Loan. The versatile development office has all the significant features of an insecure overdraft credit.

      Types of Muthoot Finance Personal Loan

      Home renovation loan

      Muthoot Finance offers home redesign credit for people who wish to get their home revamped. This individual credit can support necessary fixes or help the candidate get new fittings, installations, and furniture for their home. Some vital highlights of Muthoot Finance Home Renovation Loan are:

      • The financing cost for Muthoot Finance’s Home Renovation Loan begins at as low as 11.25%.
      • People might be qualified for an advance sum up to Rs. 20 Lakh to get their home remodeled
      • Home remodel credit from Muthoot Finance requires negligible documentation, making the whole advance cycle bother free.
      • The advance sum ordinarily gets credited into the record within 72 hours once the bank favors your application.

      Holiday Loan

      Muthoot Finance’s Holiday Loan can assist you in organizing your fantasy get-away with a minor issue. This individual advance from Muthoot Finance can subsidize a scope of excursion related costs, including flight ticket booking, lodging facilities, guided visits, and so forth Key highlights of Muthoot Finance’s Holiday Loan are:

      • Financing costs for Holiday Loans start at 11.25% p.a.
      • You can do without much of a stretch profit a measure of up to Rs 20 Lakh, so your fantasy excursion won’t be spoilt because of a monetary crunch.
      • Streamlined and Minimal documentation guarantees that financing your get-away is basic and straightforward.
      • Brisk preparing and disbursal of advance which is attributed straightforwardly to your record

      Fresher Funding

      A dominant part of unstable individual credits is focused on people with a customary pay anyway Muthoot Finance’s Fresher Funding is extraordinary. This credit alternative from Muthoot Finance is intended to help freshers, for example, ongoing alumni looking for their first work. Some vital highlights of Muthoot Finance Fresher Funding individual credit are as the following:

      • Credit sum up to Rs 1.5 lakh
      • The candidate must be at any rate of 21 years of age.
      • The pace of interest for Fresher Funding relies upon the profile of the advanced candidate, the financial record/score, age, and area of the candidate.

      NRI Personal Loan

      Understanding the necessities and dreams of NRIs, Muthoot Finance offers an individual advance explicitly for NRIs. The essential advanced candidate should be an Indian inhabitant, and the co-candidate NRI must be a nearby family member. Individual Loan for NRIs incorporates the accompanying highlights.

      • Muthoot Finance offers NRIs individual advances up to Rs. 10 lakh with adaptable end-use
      • The financing costs for NRI Personal Loan start at 15.49% p.a.
      • The credit includes a residency of as long as three years.

      How to Apply Online for Muthoot Finance Personal Loan?

      Muthoot Finance Personal Loan

      To apply for a Muthoot Finance Personal Loan apply online, you can visit its online portal or download its mobile app. To apply through Dialabank:

      1. Visit our Dialabank.
      2. Click on the personal loan option on the menu.
      3. Fill up the form with your details.
      4. We will shortlist offers for you and mail them to you.
      5. We will then call you and assist you further.
      6. Thus, you can avail yourself of the best personal loan offer in record time.

      The personal loan verification process

      Coming up next are essential strides of the individual credit check measure after online accommodation of your advance application on Dialabank.

      Step1. Dialabank will advance your advance application to your picked bank and generally within 48 hours, and you will get a call from the moneylender’s agent.

      Step2. The imminent loan specialist will plan a pickup of your KYC, pay, and so forth reports or give a choice to transfer them on the web. These reports will be utilized to confirm your application.

      Step3. When the moneylender’s check is finished, and your advance is endorsed, you will get another call to confirm the credit offer and request your permission for disbursal.

      Step4. After credit endorsement, the advance is generally dispensed within 48 hours.

      Note: The above-mentioned turnaround time for personal loan verification/disbursal may vary based on the lender’s internal demands as well as other criteria.

      Check your bank Muthoot Finance Personal Loan Application Status

      To check the Muthoot personal loan tracking, you can: 

      • Visit the bank branch personally where you had applied for the loan and give the loan officer your loan application details
      • Visit the website of Muthoot Finance and fill in your loan details.
      • Send your loan details to the bank via email.
      • Through the I-mobile app of the bank
      • These methods enable you to track your Muthoot personal loan application status easily.

      How to login in Muthoot Finance portal

      • Visit the official website of Muthoot Finance for the Muthoot finance personal loan details.
      • On the top right corner of the page click on ‘Login’.
      • Log in using your User ID and Password or your recorded mobile number

      How to Check Your Loan Statement

      Clients can download the bank’s very own credit proclamation by following the means given beneath:

      • Visit the official site of the bank.
      • Click on ‘Connect’ and select ‘Administration Requests’ starting from the drop list.
      • On the following page that opens, under the ‘Advances’ menu, select ‘Individual Loan Related’.
      • Next, click on ‘Solicitation for Statement of Loan Account’.
      • Login utilizing your User ID and the secret word or utilizing your enlisted versatile number and OTP to benefit the bank’s very own credit explanation.

      Muthoot Finance Personal Loan Restructuring (COVID-19)

      The cross country lockdown because of the COVID-19 pandemic has affected numerous borrowers antagonistically and to moderate its effect to a specific degree, a multi-month ban on different term advances was declared. After the fruition of the half-year ban, Muthoot Finance had reported the RBI-commanded one-time advantage of Muthoot Finance individual credit rebuilding. This instrument is intended to give proceeded with alleviation to those borrowers who are as yet unfit to begin reimbursement of their normal EMI due to on-going money related difficulty coming about because of the pandemic.

      The credit goal system presented by Muthoot Finance offers an extra ban of as long as two years or an augmentation on the current reimbursement time frame to diminish the month to month EMI installments. It is imperative to shoulder as a main priority that rebuilding your Muthoot Finance individual credit will bring about extra premium charges well beyond those of the first advance. Consequently, this alleviation instrument should just be utilized if all else fails with the goal that you don’t wind up defaulting on your great credit.

      Muthoot Finance Customer Care

      Customers can contact the Muthoot Finance customer care via any of the following means:

      • By Phone: You can call Muthoot Finance on 1800 313 1212 (toll-free)
      • Callback Request: You can also request a call back by visiting the bank’s website
      • Online Chatbot: You can also get your queries answered by the iPal chatbot online
      • Branch Visit: You can visit the nearby Muthoot Finance branch to get your queries.

      Benefits of Applying for Personal Loan on Dialabank

      There are different points of interest in applying for a personal advance on the Dialabank site. Some of them are given beneath: 

      • 24 x 7 Accessibility: You can get to the Dialabank site whenever and anyplace and in this manner, apply for an individual advance whenever from the solace of your home or office. 
      • Different moneylenders on a solitary stage: com empowers you to get to individual credit offers from various planned loan specialists on a solitary stage and accordingly kills the need to visit numerous bank sites or branches. 
      • Know EMI in a split second: With the individual advance EMI calculator, you can check the EMIs you would be paying on an individual credit even before you apply for one. It will assist you with acquiring the suitable sum that you can without much of a stretch reimburse and have a helpful reimbursement plan. 
      • Liberated from cost: Additionally, you are not needed to pay any charges when you apply for an individual advance on Dialabank.com 

      Important Aspects

      Given underneath are some significant angles that you should consider while applying for an individual credit with Muthoot Finance:

      • While applying for a personal advance, it is in every case great to check your financial assessment. A decent credit assessment builds the odds of endorsement of your credit and can empower you to benefit an individual advance on more great terms.
      • Before settling upon a specific bank, it is prudent to think about the expense of an individual credit (premium expense and all the reasonable expenses and charges) offered by different moneylenders on Dialabank.com
      • Acquire as per your need and reimbursement capacity. Try not to acquire just because you are qualified to get a higher sum. It will just add to your advantage cost and not have many advantages over the long haul.
      • Try not to apply for individual advances with various moneylenders simultaneously. It shows you to be eager for credit and expands the number of challenging requests for your credit report, which may antagonistically influence your Credit rating.

      FAQs About Muthoot Finance Personal Loan

      ✅ How to apply for Muthoot Finance Personal Loan?

      You can apply for a personal loan with Muthoot Finance either by visiting the nearby Muthoot Finance branch or by submitting a simple form with Dialabank. With Dialabank, you get the benefit to apply from anywhere and get personal loan approval faster.

      ✅ What is the Interest Rate for Muthoot Finance Personal Loan?

      The Muthoot personal loan interest rate is 9.99% per annum for their personal loan products.

      ✅ What is the minimum age for getting a Personal Loan from Muthoot Finance?

      You should be 21 years old to apply for a personal loan with Muthoot Finance.

      ✅ What is the maximum age for getting a Personal Loan from Muthoot Finance?

      The maximum age for getting a personal loan from Muthoot Finance is 60 years.

      ✅ What is the minimum loan amount for Muthoot Finance Personal Loan?

      The minimum loan amount for availing a personal loan from Muthoot Finance is Rs 50,000.

      ✅ What is the maximum loan amount for Muthoot Finance Personal Loan?

      Muthoot Finance allows you to take a maximum loan amount of Rs. 25 lakhs under the personal loan scheme.

      ✅ What are the documents required for Muthoot Finance Personal Loan?

      You will require an Aadhaar card/Voter ID, a PAN card, salary slips of the last 6 months, the ITR files of the last two years, and two recently clicked photographs are required for a personal loan from Muthoot Finance.

      ✅ What is the Processing Fee for Muthoot Finance Personal Loan?

      The processing fee is 1% of the loan amount for the personal loan from Muthoot Finance.

      ✅ How to get Muthoot Finance Personal Loan for Self Employed?

      Muthoot Finance avails special offers for self-employed borrowers to aid them to meet their economic needs. You will have to show the ITR files of the last two years as your income proof.

      ✅ What is the Maximum Loan Tenure for Muthoot Finance Personal Loan?

      The maximum tenure duration for a personal loan from Muthoot Finance is 60 months.

      ✅ What should be the CIBIL Score for Muthoot Finance Personal Loan?

      You must have a CIBIL score minimum of 750 or above for availing of a personal loan from Muthoot Finance.

      ✅ Do I have a preapproved offer for Muthoot Finance Personal Loan?

      You can examine for your personal loan preapproved offers from Muthoot Finance with Dialabank. You have to fill the form, and we will check all the offers for you and get back to you to help you choose the best one.

      ✅ How to calculate EMI for Muthoot Finance Personal Loan?

      You can use the EMI calculator available at Dialabank’s website to calculate your personal loan EMIs for Muthoot Finance.

      ✅ How to pay Muthoot Finance Personal Loan EMI?

      Your personal loan EMIs from Muthoot Finance is automatically take off from your bank account every month. You can also use the Muthoot Finance net-banking facility to pay for your personal loan.

      ✅ How to close Muthoot Finance Personal Loan?

      You must pay all the outstanding personal loan amount and then contact the branch of Muthoot Finance to collect your no dues certificate.

      ✅ How to check Muthoot Finance Personal Loan Status?

      You will need the visit the Muthoot Finance branch to check the status of your personal loan. On the other hand, you can visit Dialabank and fill a simple form to let us do the hard work for you.

      ✅ How to close Muthoot Finance Personal Loan Online?

      Closing of a personal loan from Muthoot Finance requires the following steps:

      • Visit the Muthoot Finance net-banking page.
      • Login with your details.
      • Pay for your personal loan.
      • Save the transaction receipt.

      ✅ How to pay Muthoot Finance Personal Loan EMI Online?

      Your personal loan EMI can be paid through the net-banking facility of Muthoot Finance. Dialabank lets you compare offers and deals from different banks to choose the best, low-EMI personal loan. All you have to do is fill a simple form, and we will do the rest for you.

      ✅ How to check Personal Loan Balance in Muthoot Finance?

      To check the personal loan balance in Muthoot Finance, you will require to contact the customer care number of Muthoot Finance. If you are searching to get low-interest personal loans, you can visit Dialabank and fill a simple form for Personal Loan Balance Transfer, and we will do the hard work for you.

      ✅ How to download Muthoot Finance Personal Loan Statement?

      The personal loan statement of Muthoot Finance can be downloaded using the Muthoot Finance mobile banking app. You can visit the online platform of Dialabank and fill a simple form to compare and know about all the offers that we have for you.

      ✅ How to Top Up Personal Loan in Muthoot Finance Bank?

      If you want a top-up on your personal loan from Muthoot Finance, you will have to visit the bank branch and contact the loan officer. You can also fill a simple form with Dialabank at Personal Loan Top Up and leave the rest to us.

      ✅ What happens if I don’t pay my Muthoot Finance Personal Loan EMIs?

      Muthoot Finance will charge a penal interest if you are not paying your personal loan EMIs. You can apply for a balance transfer using Dialabank to get low-interest personal loans.

      ✅ How to find the Muthoot Finance Personal Loan account number?

      You will contact your Muthoot Finance loan branch to check your personal loan account number. You also fill the form available at Dialabank and let us do all the work for you.

      ✅What are the Muthoot finance personal loan foreclosure charges?

      Foreclosure charges: Muthoot personal loan prepayment is Not allowed.

      ✅How to apply for the Muthoot finance personal loan?

      1. Visit our Dialabank.
      2. Click on the personal loan option on the menu.
      3. Fill up the form with your details.
      4. We will shortlist offers for you and mail them to you.
      5. We will then call you and assist you further.
      6. Thus, you can avail yourself of the best personal loan offer in record time.

      ✅What is the procedure for Muthoot finance personal loan tracking?

      Visit the official website of Dialabank or contact us at 9878981166 for any Muthoot personal loan details.

      ✅What are the Muthoot Finance Personal Loan pre-closure charges?

      Manappuram’s Personal Loan Preclosure is the loan amount repayment before time. It is beneficial for you to repay your loan amount before time. It helps reduce the interest rate of your loan.

      ✅What is the Muthoot Finance Personal Loan closure procedure?

      1. Visit the bank with the complete set of documents (as mentioned above).
      2. You may be required to fill a form or write a letter requesting pre-closure of the Personal Loan account.
      3. Pay the pre-closure amount.
      4. Sign the required documents, if any.
      5. Take acknowledgment of the balance amount you have paid.

      ✅What is the Muthoot Finance personal loan customer care number?

      9878981166  is the Muthoot personal loan customer care number for any personal loan details.

      What is the Muthoot Finance Personal Loan Overdraft Facility?

      An individual overdraft is a credit office that licenses you to pull out an aggregate as and when required. You can moreover repay the eliminated entirety at whatever point the circumstance is ideal.

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